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entrance to the CFPB building in Washington, D.C. Source: Shutterstock.

The CFPB has been digging into the impacts that overdraft and non-sufficient funds (NSF) fees have on credit union members and banking customers for the past several months.

Two research reports released by the bureau in late 2021 detailed how banks especially have continued relying on “these fees as a major source of revenue and how they do not compete on transparent, upfront pricing.”

Michael Ogden

Editor-in-Chief for CU Times.

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